What is Rango Exchange? Rango Exchange is a Dex Aggregator cross-chain platform that allows users to swap any 2 tokens on 2 different platforms. Let’s find out what is special about this project with Weakhand in this article.
What is Rango Exchange?
Overview of Rango Exchange
Rango Exchange is the platform cross chain Dex Aggregator Allows users to swap any 2 tokens on 2 different platforms. Currently, Rango Exchange is supporting more than 40 blockchains, 100 Dex, 10 different bridges so users can swap 2 tokens in any 2 blockchains easily.
Rango Exchange’s goal is to become the most used platform for Dex, connecting all cryptocurrencies and finding the fastest, cheapest and safest route for users.
Rango Exchange’s operating mechanism
I will give the following illustrative example to describe the operating mechanism of Rango Exchange:
For example: Users swap 1000 OSMO tokens to ETH on Optimism. Range Exchange uses Routing mechanism to find the best route for users as follows:
Step 1: All OSMO tokens are converted to USDC on the Osmosis platform.
Step 2: Bridge Satellite – the platform provided by Axelar will convert users’ USDC into axlUSDC on the Polygon network.
Step 3: Rango Exchange uses 1inch to transfer all axlUSDC to WETH.
Step 4: Finally, Rango Exchange uses the Hyphen Bridge to convert users’ WETH into ETH on the Optimism network.
What is the difference of Rango Exchange?
Through the example I introduced above, we can see that Rango Exchange’s strength is that the entire complex conversion process is automatic, so it is suitable for most users in the Crypto market. However, the weakness is also clearly revealed when the swap time is relatively long and the transaction fee is quite expensive due to the use of many intermediary platforms.
The transaction fee can also be overcome somewhat if the user swaps with a larger volume because the transaction fee will fluctuate around a certain range and not increase with the transaction volume.
Road Map
2023 Q1 – Q4:
- Complete the project’s governance model.
- Buyback RANGO tokens and Burn.
- Supports more blockchain platforms.
Core Team
Update…
Investor
Rango Exchange raised $1M from investors such as: Nine Realms, D1 Ventures, GT Capital,…
Tokenomics
Basic information about tokens
- Token Name: Rango Exchange
- Ticker: RANGO
- Blockchain: Ethereum
- Contract: 0xc2702fbd7208f53d1a7fd1dd96b9e685aef12d4e
- Token Type: Utility, Governance
- Total Supply: 100,000,000 RANGO.
Token Allocation
Token Release
- Team: 1 year lock in and linear allocation over the next 5 years.
- Private Investors: 1 year lock in and linear allocation over the next 5 years.
- Liquidity Providers: Allocation over the first 2 years.
Token Use Case
RANGO tokens are used in governance as users can participate in voting for activities on the platform.
Exchanges
Update…
Information Channel of Rango Exchange Project
- Website: https://rango.exchange/
- Twitter: https://twitter.com/RangoExchange
- Telegram:
summary
Rango Exchange is one of the first Dex Aggregator platforms that gives users the convenience of being able to swap any 2 tokens on 2 different platforms. Hopefully the information I provide in this article has helped everyone gain interesting knowledge about Rango Exchange.